Company Performance - Oil States International (OIS) has returned 78.4% year-to-date, significantly outperforming the Oils-Energy sector, which has returned an average of 25.1% [4] - The Zacks Consensus Estimate for OIS' full-year earnings has increased by 20.6% over the past quarter, indicating stronger analyst sentiment and an improving earnings outlook [4] - OIS currently holds a Zacks Rank of 2 (Buy), suggesting it has favorable characteristics to outperform the market in the near term [3] Industry Context - Oil States International is part of the Oil and Gas - Mechanical and Equipment industry, which includes 12 companies and is currently ranked 154 in the Zacks Industry Rank [6] - The Oil and Gas - Mechanical and Equipment industry has gained an average of 23.3% year-to-date, indicating that OIS is performing better than its industry peers [6] - Another notable stock in the Oils-Energy sector is Sasol (SSL), which has returned 62.8% year-to-date and also holds a Zacks Rank of 2 (Buy) [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________ Form 10-K ___________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission file no. 001-16337 Oil States International, Inc. (Exact name of registrant as specified in ...

Group 1 - The article discusses the ongoing exploration of new companies in the upstream oil industry, highlighting that there are still emerging names despite years of coverage [1] - Fluidsdoc is introduced as a seasoned expert in the oil industry with 40 years of experience across six continents and over twenty countries, specializing in upstream oil activities [1] - The Daily Drilling Report, led by Fluidsdoc, offers investment analysis for the oil and gas sector, featuring a model portfolio that encompasses all segments of upstream oilfield activity with weekly updates [1]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Oil States International (OIS) - OIS currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [4] Performance Metrics - OIS shares have increased by 33.3% over the past week, significantly outperforming the Zacks Oil and Gas - Mechanical and Equipment industry, which rose by 1.94% [6] - Over the past month, OIS's price change is 67.52%, compared to the industry's 7.46% [6] - In the last quarter, OIS shares rose by 126.97%, and over the past year, they have increased by 175.14%, while the S&P 500 only moved 3.1% and 16.42% respectively [7] Trading Volume - The average 20-day trading volume for OIS is 1,314,960 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for OIS show positive momentum, with 2 estimates moving higher and none lower, increasing the consensus estimate from $0.49 to $0.59 over the past 60 days [10] - For the next fiscal year, 1 estimate has increased, with no downward revisions during the same period [10] Conclusion - Given the strong performance metrics and positive earnings outlook, OIS is identified as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]

Industry Overview - The Zacks Oil and Gas - Mechanical and Equipment industry includes companies that supply essential oilfield equipment such as production machinery, pumps, and valves to exploration and production firms, facilitating the extraction of crude oil and natural gas [2] - The industry's performance is closely linked to the capital expenditures of upstream energy companies, which are influenced by their contracts with integrated energy firms and independent oil and gas companies [2] Current Challenges - Increasing oil stockpiles are expected to lower prices, which will negatively impact demand for drilling and production equipment as companies may hesitate to increase production [1][3] - Exploration and production companies are adopting conservative capital spending strategies, prioritizing capital returns over increased production expenditures, further reducing demand for drilling and production equipment [4] Market Performance - The Zacks Oil and Gas - Mechanical and Equipment industry has outperformed the broader Zacks Oil - Energy sector and the S&P 500 over the past year, with a 36.2% increase compared to 26.9% and 18.5% respectively [8] - Despite this, the industry has a Zacks Industry Rank of 168, placing it in the bottom 31% of over 250 Zacks industries, indicating a gloomy near-term outlook [6][7] Valuation Metrics - The industry is currently trading at an EV/EBITDA ratio of 9.41X, which is lower than the S&P 500's 17.58X but higher than the sector's 6.37X [12] - Over the past five years, the industry's EV/EBITDA has ranged from a high of 44.58X to a low of 3.38X, with a median of 10.58X [12] Key Companies - Natural Gas Services Group, Inc. (NGS) is positioned to benefit from increased demand for natural gas compression equipment due to rising LNG exports [15] - USA Compression Partners, LP (USAC) is well-placed to capitalize on the demand for cleaner fuels and plans to add new equipment by year-end, indicating growth potential [16] - Oil States International, Inc. (OIS) has secured $435 million in orders, its largest backlog in over a decade, indicating strong customer demand and future revenue growth [20]

Investors might want to bet on Oil States International (OIS) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...

Company Performance - Oil States International (OIS) has gained approximately 99.7% year-to-date, significantly outperforming the Oils-Energy sector, which has returned an average of 19.3% [4] - OIS currently holds a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions [3] - The Zacks Consensus Estimate for OIS' full-year earnings has increased by 1% over the past quarter, reflecting improved analyst sentiment [4] Industry Comparison - OIS is part of the Oil and Gas - Mechanical and Equipment industry, which has seen a year-to-date gain of about 28.9%, indicating that OIS is performing better than its industry peers [6] - In contrast, another Oils-Energy stock, Sasol (SSL), has returned 34.7% year-to-date and belongs to the Oil and Gas - Integrated - International industry, which is ranked 140 and has increased by 20.6% this year [5][7] Sector Ranking - The Oils-Energy group, which includes 234 companies, ranks 15 in the Zacks Sector Rank, which evaluates 16 different sector groups [2] - The Zacks Rank system is designed to identify stocks that may outperform the broader market over the next one to three months [3]

Core Viewpoint - Oil States International, Inc. reported better-than-expected fourth-quarter earnings, with earnings per share of 13 cents, surpassing the analyst consensus estimate of 10 cents per share, although quarterly sales of $178.464 million fell short of the consensus estimate of $180.158 million [1] Group 1: Earnings Performance - The company reported quarterly earnings of 13 cents per share, exceeding analyst expectations [1] - Quarterly sales amounted to $178.464 million, which was below the analyst consensus estimate [1] - Following the earnings announcement, Oil States International shares increased by 7.1%, reaching a trading price of $13.42 [1] Group 2: Analyst Reactions - Susquehanna analyst Charles Minervino maintained a Neutral rating on Oil States International and raised the price target from $8 to $13 [3] - Stifel analyst Stephen Gengaro maintained a Buy rating and increased the price target from $10 to $15 [3]

Core Insights - Oil States International, Inc. (NYSE:OIS) experienced a significant share price increase of 33.30% from February 13 to February 20, 2026, marking it as one of the top-performing energy stocks during that week [1] - The company reported an adjusted EPS of $0.13 for Q4 2025, exceeding estimates by $0.03, with revenue growth of 8% sequentially and 8.4% year-over-year, attributed to strategic exits from underperforming US land-based operations [2] - Cash flow from operations reached a historic high of $50 million in Q4, representing a 63% increase from the previous quarter, with full-year operating cash flows totaling $105.1 million [3] Financial Performance - Oil States International achieved bookings of $160 million in Q4 and ended the year with a backlog of $435 million, the highest since March 2015 [4] - For the full year 2026, the company projects revenues between $680 million and $700 million, and EBITDA between $90 million and $95 million, indicating significant growth from the previous year [4] Stock Performance - Since the beginning of 2026, Oil States International's stock has increased by over 77%, reflecting strong market performance [5]

Financial Data and Key Metrics Changes - The company reported fourth quarter revenues of $178 million, an 8% increase sequentially and year-over-year, with adjusted consolidated EBITDA of $23 million, representing a 9% sequential increase [9][10] - The net loss for the quarter was $117 million or $2.04 per share, which included long-lived asset impairments and restructuring charges [9][10] - Cash flow from operations reached $50 million, up 63% sequentially, with full year cash flow from operations totaling $105 million, representing a 129% increase year-over-year [10][11] Business Line Data and Key Metrics Changes - The Offshore Manufactured Products segment generated revenues of $123 million and adjusted segment EBITDA of $25 million, with an adjusted segment EBITDA margin of 20% [11] - The Completion and Production Services segment delivered $23 million in revenues and adjusted segment EBITDA of $7 million, with adjusted segment EBITDA margins expanding to 32% from 29% in the previous quarter [12] - The Downhole Technologies segment generated revenues of $32 million, up 11% sequentially, with adjusted segment EBITDA growing to $1.3 million [12][13] Market Data and Key Metrics Changes - Backlog increased to $435 million, the highest level since March 2015, with a book-to-bill ratio of 1.3 times [6][11] - The company noted that 77% of revenues were generated from offshore and international markets, up from 72% in the prior year period [5] Company Strategy and Development Direction - The company is focused on optimizing its business mix towards offshore and international markets, aiming for sustained incremental margins and cash flows [4][5] - The strategy includes high-grading technologies and service lines, with a focus on differentiated product offerings to enhance margins and cash flow [6][15] - The company plans to continue returning capital to shareholders while maintaining a disciplined approach to capital allocation [7][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term demand for crude oil and natural gas, despite current subdued U.S. land activity [16][71] - The company anticipates full year 2026 revenues to range between $680 million and $700 million, with EBITDA expected between $90 million and $95 million [16][17] - Management highlighted the importance of maintaining a strong balance sheet to support future growth and capital investments [15][51] Other Important Information - The company ended 2025 with cash on hand exceeding total debt by $15 million [10][11] - The company repurchased $17 million of common stock in 2025 and plans to remain opportunistic with additional purchases [14] Q&A Session Summary Question: Completion and Production side restructuring impact - Management confirmed that the restructuring and exiting of underperforming businesses are reflected in the fourth quarter revenue run rate levels, with ongoing adjustments expected to be lower moving forward [22][27] Question: Backlog margins in Offshore Manufactured Products - Management indicated that the embedded margin profile is expected to improve, with consistent margin improvement historically observed [28][30] Question: Balance sheet and cash flow deployment - Management stated that after debt repayment, the focus will be on shareholder returns via share repurchases, while also considering M&A opportunities [51][53] Question: Military products and defense spending outlook - Management noted that military products have been a stable revenue stream, with potential for growth due to increased defense spending [55][58] Question: Offshore market opportunities - Management highlighted Brazil and Guyana as strong bases for operations, with ongoing efforts to expand capabilities in Southeast Asia and West Africa [64][65] Question: Impact of tariffs on operations - Management acknowledged that tariffs had a significant impact on costs, particularly for perforating products, but welcomed the potential for a more predictable cost structure moving forward [76][77]